85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
Published
Nov 8, 2022
Download
Download the article
Print
Text size

Understated Hammerson ahead in Q3, next quarter pipeline 'strong'

Published
Nov 8, 2022

Malls giant Hammerson continues to make a post-pandemic recovery with third-quarter rental income and sales rising, and it expects full-year adjusted earnings to follow suit.


Bullring


The major UK commercial property group, whose portfolio includes the Bullring/Grand Central in Birmingham, Bicester Village Designer Outlet Centre in Oxfordshire and key shopping centres across Europe, said year-to-date gross rental income on a like-for-like basis rose 11%.

Net rental income also continues to benefit from a strong leasing performance, improved collections and, as a result, lower bad debt charges.

The company said it now expects 2022 adjusted earnings to be at least £100 million, up from £80.9 million in the year-ago period. It said earnings benefited from lower administration and net finance costs, and a better-than-expected performance from Value Retail.

Footfall has also continued to improve to around 90% of pre-pandemic 2019 levels in the UK and Ireland, with France around 95%. Sales continue to exceed 2019 levels with third-quarter UK sales up 4% and Ireland up 2%. Around 93% of third-quarter rent has been collected to date, it noted.

A total of 221 leases have been signed year-to-date, representing £17 million of headline rent, 43% ahead of previous passing rent and 2% ahead of estimate rental value.

Without giving much detail or comment in the trading statement, Hammerson did at least say “demand remains high and the fourth-quarter pipeline is strong”.
 

Copyright © 2024 FashionNetwork.com All rights reserved.